GMS 450 Lecture Notes - Lecture 5: Critical Path Method, Longest Path Problem, Gantt Chart

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 450
• Professor: Mohammed Nikoofal

Document Summary

Program evaluation and review technique (pert) and critical path method (cpm) Establishing precedence relationships and activity sequence: developing project schedule. Finding critical path, critical time and activity slack time. Calculating probabilistic activity times, and probability of completing the project on time. Introduction: a schedule is a listing of a project"s milestones, activities, and deliverables, usually with intended start and finish dates. (cid:894)diffe(cid:396)e(cid:374)tiate (cid:449)hat"s a (cid:373)ilesto(cid:374)e, a(cid:272)ti(cid:448)it(cid:455), deli(cid:448)e(cid:396)a(cid:271)le(cid:895) The schedule can be prepared in several formats: gantt charts, pert network, cpm network. Program evaluation and review technique (pert) is a statistical tool. By a team from u. s. navy, booz-allen hamilton, and lockheed aircraft. By morgan walker from dupont de nemours inc. Includes both time and cost estimates to allow time/cost trade-offs: both employ networks to schedule and display task sequences. The language of pert/cpm: activity: a task or set of tasks required by the project and use resources and time. (time and resource)